BoI signs agreements for two new projects
The Board of Investment of Sri Lanka entered into agreements with
Binary Systems (Private) Limited and Rainbow Agro (Private) Limited for
two new projects worth Rs. 40 million and US $ 400,000.
Chairman/Director General Dhammika Perera signed the Agreements on
behalf of the BOI.
|
Rainbow Agro: Chairman/Director General of the BOI Dhammika
Perera hands over the agreement document to H.K. Rikhye and
Gangadharan Pillai of Rainbow Agro (Private) Limited. The
company will be manufacturing coco peat blocks and briquettes
for the export market. |
The agreement with Binary Systems (Private) Limited was for a project
to manufacture garments for the export market. On behalf of Binary
Systems (Private) Limited A.N.H. Gunawardena and Zafraz Lameer signed
the agreement.
The factories will be located at the Miyokkawatta, Arachc- hikanda
and Hikkaduwa. This project will provide employment for over 250.
The agreement signed with Rainbow Agro (Private) Limited was for a
project to manufacture value added coir products (Coco peat blocks and
coco peat briquettes) for the export market. The project will operate
from Makandura Industrial Estate and is expected to provide over 100
employment opportunities.
The agreement was signed by H.K. Rikhye and Gangadharan Pillai on
behalf of the Rainbow Agro (Private) Limited. |
